The Karl Schlecht Family Foundation (KSF)

Until the end of January 2012 the Karl Schlecht Familienstiftung (KSF) was shareholder of the Putzmeister Holding GmbH (PMH) with 1% of the company shares and 90% of the voting rights. The company founder Karl Schlecht, at the same time chairman of the KSF and his non-profit foundation KSG, was in charge of the corporate management and governance of the Putzmeister group.

Since the KSG and KSF foundations sold all Putzmeister Shares to SANY Heavy Industry Co. in early 2012, the purpose of the foundation is the support of the founder`s family from its return on plan assets as set forth in the foundation`s statutes, namely the support of the founder`s family.